LendMN
- Legal Name
- LendMN
- Company Type
- Public Company
- Listing
- MSE: LEND
- Industry
- Financial Services
- Founded
- 2006
- Market Cap
- MNT 115B
- CEO
- Uuganbayar Tserendorj
- Parent Group
- AND Global Pte. Ltd.
- Website
- www.lend.mn
- Coverage
- CMM Verified
LendMN NBFI JSC is a pioneering non-banking financial institution leading Mongolia’s fintech lending industry. Recognized for introducing AI-driven financial technology to the domestic market in 2017, LendMN was the first to harness advanced AI in lending. The company has transformed access to credit by providing fast, unsecured consumer and business loans through its proprietary LendMN mobile application. This innovative approach enhances financial inclusion, streamlines loan processing, and solidifies LendMN’s position at the forefront of Mongolia’s digital finance sector.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Interest Income | 38.3B | 67.0B | 98.4B |
| Fee & Commission Income | 35.6B | 58.8B | 66.8B |
| Operating & Administrative Expenses | (10.3B) | (12.7B) | (17.8B) |
| Net Profit | 19.8B | 36.1B | 40.1B |
Part of
Shareholders
Pioneer Mongolian fintech NBFI with $24.25M raised across two debt facilities (Lendable, DWM), a $10M FX hedging agreement with MFX, and the world's first Customer Protection Certificate from MFR Global Rating Agency.
| Date | Amount | Investors | Funding Type | Purpose |
|---|---|---|---|---|
| Dec 19, 2025 | $4.25M | DWM | Debt | Impact lending, MSME lending |
| Apr 25, 2025 | $20M | Lendable | Debt | Women, MSME lending |
| Apr 2025 | $10M | MFX Currency Risk Solutions | Other | FX risk mitigation related to $20M Lendable debt facility |
| 2025 | N/A | Micro Finance Rating (MFR) Global Rating Agency | Other | World's first fintech to receive the Customer Protection Certificate from MFR Global Rating Agency |